SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 30, 1998
The Cincinnati Gas & Electric Company
(Exact name of registrant as specified in its charter)
Ohio 1-1232 31-0240030
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
139 East Fourth Street, Cincinnati, OH 45202
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (513) 381-2000
<PAGE>
ITEM 5. OTHER EVENTS.
The Cincinnati Gas & Electric Company (Company), a subsidiary of Cinergy Corp.,
will provide additional reserves of $58 million ($37 million after tax), in the
second quarter of 1998 for its electric trading business. These additional
reserves reflect the results of the Company's reassessment of the basis upon
which it provides reserves, including those for credit exposure, on its existing
contracts.
The Company expects no realized loss from its trading operations in the second
quarter of 1998, despite dramatic swings in the electricity market caused by
unseasonably hot weather in June, scheduled and unplanned generating unit
outages in the region and defaults by several power marketers on their supply
obligations. The Company considered the effects of these events in estimating
the value of its existing contract positions.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
The Cincinnati Gas & Electric Company
(Registrant)
Date: July 15, 1998 By: /s/ John P. Steffen
John P. Steffen,
Vice President and Comptroller
(Signature)
